Stock futures are flat this morning on the heels of yesterdays massive reversal to the upside. It hearkened memories of the jobs report a few weeks ago, where prices looked ready to plunge to new depths, when what to our wondering eyes should appear, a massive buying frenzy and 200 points of DJIA upside.
The charts how merry, the VIX so fickle, the shorts found themselves between some bread and a pickle.
Today started much like the previous ten previous sessions. The market looked weak at the open with S&P500 futures over .6% lower overnight. That weakness was nothing more than the salad course for these market bulls. The pasta course came soon there after and market weakness was once again turned into a raging buying frenzy.
but then something happened. Something we haven't seen during this massive reversal from the Icahn "DANGER AHEAD" lows. The market started to sell off.
Prices fell into the close with the S&P500 closing just off session lows. After the bell weak earning reports from both $INTC and $JPM helped take stock futures even lower.
Netflix is set to report earnings tomorrow after the bell. Where will it trade after the report?
Goldman Sachs recently fell to a new 52 week low. Will it break those or rally after it reports earnings before the bell on Thursday.
Here are some more earnings breakdowns for $NFLX, $GS, and more...
